Sunrise Resources Receives Positive Trial Results From CS Project.
(Alliance News) - Sunrise Resources PLC on Wednesday announced successful proof-of-concept perlite processing trials and expansion of horticultural-grade perlite in further customer trials.
Sunrise shares were trading 26% higher in London on Wednesday at 0.11 pence each.
Sunrise said it is progressing a low-capital-cost concept at its CS pozzolan-perlite project in the US state of Nevada to produce a horticultural grade raw perlite and by-product finely crushed natural pozzolan, using mobile processing equipment.
Sunrise said a seven-ton bulk sample of perlite was processed to produce a horticultural grade raw perlite and a finely crushed perlite for sale as natural pozzolan.
Perlite is used to retain moisture in soil for plants.
Looking ahead, the AIM-listed company said larger trial is planned for a 100-ton bulk sample already collected to produce larger amounts of horticultural-grade perlite for supply to a wider range of potential customers.
Horticultural-grade raw perlite is a higher price perlite product and typically sells for around USD100 per tonne.
"This is an important step in proving the concept for a low capital cost start for perlite and natural pozzolan production at the CS project," said Executive Chair Patrick Cheetham.
By Evelina Grecenko; email@example.com
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|Date:||Aug 14, 2019|
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